Home
Investment
News & Views
Company News
news storage
Broker snap: Goldman puts Shanks under review
Tue, 07 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Broker snap: Goldman puts Shanks under review
Wed, 10 Mar 2010, 11:14:00
Goldman Sachs has put its rating and price target on <b>Shanks</b> under review after the waste group ended talks with private equity group Carlyle about a possible offer. The broker notes that the 120p a share Carlyle offered puts Shanks' enterprise value at about 6.5 times earnings before interest depreciation and amortisation (EBITDA), significantly below historical multiples of about eight to 10 times EBITDA. It adds that the 150p a share Shanks previously said it would be willing to accept is equivalent to an enterprise value/EBITDA multiple of about 7.6 times.
©2004-2009 QCK.com
